I'm all in for a corporate death penalty such that a convicted corporation's assets are seized &

[Kip Humphrey]

trade in their stocks halted permanently. Corporate executives remain subject to civil lawsuits brought by stockholders.

10 votes, 1 pass | Time left: Unlimited
	I favor a corporate death penalty
	8 (80%)
	I do NOT favor a corporate death penalty
	2 (20%)
	1 DU member did not wish to select any of the options provided.
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[scscholar]

1. This should happen to Verizon!

Instead of a tiny fine that's about a dime per person they screwed over.

[GoneFishin]

2. If corporations are people then it makes perfect sense.

[metroins]

3. You don't mean literal death, right?

I'm 90% sure you don't mean killing the CEOs.

I just wanted to ask to be sure.

[Kip Humphrey]

8. Right. Management needs to stay alive for all those stockholders' civil suits.

[metroins]

9. I am signed on then

But I do worry about the job losses.

[Press Virginia]

4. The assets actually belong to the shareholders as they are the "owners"

of the corporation.
Forced liquidation would be more appropriate

[Kip Humphrey]

10. I'm thinking the stock value goes to zero. Perhaps the charter is rescinded and working assets are

sold off in the market.

[ohnoyoudidnt]

5. So what happens to the stockholders?

That sounds like it could get messy and more complicated than necessary. How about more regulation and actually going after executives for illegal activities and throwing them in prison? Do whatever with everything they have gained from working for the company.

[R. P. McMurphy]

12. I'm not advocating either way.

However, if the stockholders could lose their investment because of criminal activity there would be tremendous pressure to hire ethical managers.

[ohnoyoudidnt]

14. The solution sounds a bit extreme.

Millions of people have their retirement in the market and don't have much say in the elected officers since many companies have large institutional ownership that control the votes. The individual stockholder probably wouldn't have a good idea who to vote for anyway. A lot of bad people are good at presenting themselves as nice and ethical in public and playing dirty behind closed doors.

Serious jail time and financial penalties for the bad actors in the company should be sufficient. We don't see nearly enough of that. I am concerned about what criteria will be used for this 'death penalty' and how it would affect shareholders and employees.

If what the company has done has caused catastrophic damage like pollution and or damage to public health and all assets need to be seized to pay fines and reparations, that would be one thing, but to destroy a company because a couple managers did something illegal that didn't cause catastrophic damage is something else.

[WillowTree]

15. More importantly, what happens to the employees?

[ohnoyoudidnt]

16. Right

They shouldn't have to suffer because of the actions of some criminal taking advantage of his position in the company to make himself rich. I think people are looking for a complicated solution here when the answer is simple.

[Nye Bevan]

6. If a senior executive commits a crime, why should thousands of innocent people be fired?

Send the executive to prison, for life if necessary, but don't throw the innocent employees out of a job and don't penalize the innocent shareholders.

[GoneFishin]

7. Corporations have not always have an unlimited existence. I don't know anything about this site

but the background of corporations is interesting :

http://reclaimdemocracy.org/corporate-accountability-history-corporations-us/

[greytdemocrat]

11. This is just silly, No.

[True Earthling]

13. What crime(s) would qualify for such a drastic outcome? n/t